Revenue Update on Boston Properties(NYSE:BXP)

Boston Properties(NYSE:BXP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $623.55M. Analysts estimated a revenue of $612.38M. Earnings per share were $1.43. Analysts had estimated an EPS of $1.39.

In a different note, On Jul 25, 2016, Morgan Stanley said it Downgrades its rating on Boston Properties. The shares have been rated ‘Equal-weight’ by the firm. On Jul 19, 2016, Barclays said it Maintains its rating on Boston Properties. In the research note, the firm Raises the price-target to $149.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 18, 2016, Deutsche Bank said it Maintains its rating on Boston Properties. In the research note, the firm Raises the price-target to $151.00 per share. The shares have been rated ‘Buy’ by the firm. On May 12, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Boston Properties. In the research note, the firm Raises the price-target to $121.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 5, 2016, Argus Research said it Maintains its rating on Boston Properties. In the research note, the firm Raises the price-target to $137.00 per share. The shares have been rated ‘Buy’ by the firm. On May 4, 2016, Citigroup said it Maintains its rating on Boston Properties. In the research note, the firm Raises the price-target to $127.00 per share. The shares have been rated ‘Buy’ by the firm.

Boston Properties (BXP) made into the market gainers list on Fridays trading session with the shares advancing 1.93% or 2.69 points. Due to strong positive momentum, the stock ended at $142.13, which is also near the day’s high of $142.63. The stock began the session at $139.17 and the volume stood at 8,34,021 shares. The 52-week high of the shares is $142.63 and the 52 week low is $94.91. The company has a current market capitalization of $21,833 M and it has 15,36,11,330 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, Raymond A Ritchey (Senior EVP) sold 35,000 shares at $127.14 per share price.Also, On Jun 14, 2016, Karen E Dykstra (director) purchased 1,500 shares at $126.49 per share price.On Jun 13, 2016, Peter D Johnston (Executive Vice President) sold 5,416 shares at $128.66 per share price, according to the Form-4 filing with the securities and exchange commission.

Boston Properties Inc. is a fully integrated self-administered and self-managed real estate investment trust (REIT). The Company is engaged in owning and developing office properties in the United States. The Company’s properties are concentrated in four markets: Boston New York San Francisco and Washington DC. The Company conducts all of its business through its subsidiary Boston Properties Limited Partnership. The Company considers office/technical properties to be properties that support office research and development laboratory and other technical uses. The Company is also engaged in providing resources in acquisitions development financing capital markets construction management property management marketing leasing accounting risk management tax and legal services.

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